KD Logo

Piper Sandler initates Perrigo Company plc (PRGO) stock to an Overweight

In a filing, Perrigo Company plc revealed its EVP, Gbl Ops & SC & CTO Janish Ronald Craig unloaded Company’s shares for reported $0.38 million on Aug 26 ’24. In the deal valued at $29.40 per share,13,000 shares were sold. As a result of this transaction, Janish Ronald Craig now holds 20,553 shares worth roughly $0.6 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, RONALD CRAIG JANISH bought 13,000 shares, generating $382,246 in total proceeds.

Before that, Andersen Svend sold 28,300 shares. Perrigo Company plc shares valued at $785,279 were divested by the EVP & President CHCI at a price of $27.75 per share. As a result of the transaction, Andersen Svend now holds 73,553 shares, worth roughly $2.14 million.

Piper Sandler initiated its Perrigo Company plc [PRGO] rating to an Overweight in a research note published on November 17, 2023; the price target was $37. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Argus also remained covering PRGO and has increased its forecast on September 14, 2022 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on September 06, 2022. It rated PRGO as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of PRGO

On Friday, Perrigo Company plc [NYSE:PRGO] saw its stock jump 0.34% to $29.10. Over the last five days, the stock has lost -0.51%. Perrigo Company plc shares have fallen nearly -9.57% since the year began. Nevertheless, the stocks have fallen -18.99% over the past one year. While a 52-week high of $36.66 was reached on 01/09/24, a 52-week low of $24.82 was recorded on 06/27/24. SMA at 50 days reached $27.45, while 200 days put it at $29.83.

Levels Of Support And Resistance For PRGO Stock

The 24-hour chart illustrates a support level at 28.87, which if violated will result in even more drops to 28.65. On the upside, there is a resistance level at 29.25. A further resistance level may holdings at 29.41. The Relative Strength Index (RSI) on the 14-day chart is 61.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.36%. Stochastics %K at 80.90% indicates the stock is a selling.

How much short interest is there in Perrigo Company plc?

A steep rise in short interest was recorded in Perrigo Company plc stocks on 2024-08-15, dropping by -1.57 million shares to a total of 4.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.94 million shares. There was a decline of -35.9%, which implies that there is a negative sentiment for the stock.

Most Popular